Ha ha... No lah...

Just done some weather forecasting to make sure our ship can sail smoothly to treasure islands..

This post has been edited by BoomChaCha: Sep 2 2013, 03:27 PM

Ha..ha.. Captain, it is my pleasure.
Don't call me big bro la.. I think old bro is more appropriate..

Just now at 8.30pm, I saw so many cars were waiting in long lines in Shell and Petron, and
the road traffic near petrol stations were all jammed, I guess the gasoline price will increase..?

But I have not found this news on the online newspaper?

Ok..I found it... Ron 95 and diesel have increased additional RM 0.20 per liter after 12.00pm tonight..

http://www.malaysiakini.com.my/news/240033

We can foresee everything is going to be more expensive soon; theoretically speaking, interest rates should rise to
against inflation, but interest rates are dropping lately..what are we going to eat..?? Massimo..?

This post has been edited by BoomChaCha: Sep 2 2013, 09:58 PM

Hi Tech, I think so, since OCBC help line agent did not mention about this 3.3% for 9 months FD would stop.
Am Bank beats OCBC with extra 0.25 point, so why not go for Am Bank?

You have a very nice RM lo...

So you just need to pay one time fee for an ATM card from Bank Rakyat, a very good deal.
I think I should get one also.
Thanks for sharing.

I am thinking to put all my matured FD into OCBC 3 months 4.5% FD (bundled with Smart savers) before it ends next week.
Just to give it a last shot...

This post has been edited by BoomChaCha: Sep 2 2013, 10:50 PM

Yes...but I have not done it yet.
I just withdraw my interest every few months.

Yes, you told me before. I will do it as soon as possible.
Thank you

Don't know the interest rate will go up or down by next year..?

This post has been edited by BoomChaCha: Sep 2 2013, 11:16 PM

You'd better double check with OCBC again, OCBC help line said this promo is
already ended during June this year.

I am thinking to go for OCBC 1 year FD at 3.7% which will end next week, 10th of September

I heard Taiwanese money exchange merchants do not want to accept Ringgit..

Thanks for the tips, I changed my mind after I read your comment

This is a psychological battle for interest rate in between the banks and depositors..

This post has been edited by BoomChaCha: Sep 3 2013, 11:18 PM

For Am Bank's Offer #1, 3.55% rate for 9 months FD, it does not need to sign-up CASA,
but AM bank calculates the FD effective date after either your personal check or banker's check
is cleared.

I was thinking to place one of their longer term FD promos in Offer #2. But now I do not want
it anymore.

The weather is very difficult to predict now..

Just focus to place FDs in 2 banks..? Unbelievable..?
Unless you place your FD only in Bank Rakyat, and 5 years FD in MBSB.

Agree..

Musical chair has to be played.. If you do not play with it, you make less profit rate but this provided
the Ringgit deposit amount is big enough to justify the opportunity cost..

This post has been edited by BoomChaCha: Sep 4 2013, 12:07 AM

Oh.. really? Tomorrow maybe I go to OCBC again to ask for NID.

I do not have a dedicated RM, even my PB status is still in active.
All OCBC staffs there are only talking about their investments products..

I have placed a lot in BR for 5 years FD, you think I am not scared meh...
Especially after learning about the Titanic and eating issue recently... ha ha..

And I need to diversify my funds also, never put all eggs in one basket..

Thanks Captain

This post has been edited by BoomChaCha: Sep 4 2013, 12:34 AM

Why not go for 3.55% rate for 9 months..?

http://www.ambankgroup.com/en/Promotions/D...ateDeposit.aspx

Captain, if I remember this correctly, Human Nature is from East Malaysia,
there are no many banks available in his area...

Correct me if I am wrong, Human Nature

Aiyo... then there must be somebody else..

Old man is like this lah... memory is getting worst...

Hungry now.. need to go out to get something to eat...see you soon.. bye..

This post has been edited by BoomChaCha: Sep 4 2013, 12:41 AM

I forgot to remind you..

Am Bank will need to clear your check (either Personal's check or Bnaker's check) first, then they will
give you the FD cert, and the FD effective date will calculate when your check is cleared.

So, you need to go to Am Bank 2 times...

You can call Am Bank help-line on the top right hand corner of their website.. all the best..

Since you have a joint account with your dad, your dad does not need to go with you to the
bank to make new FD placements, banks will keep your joint account FD record. This applies to all banks.

Unless if your joint account is instructed by you that all parties have to sign when to make FD withdrawals, then
your dad has to go with you to withdraw the FD. If the FD is instructed either one to sign, then your dad does
not need to go. I suggest it is better to put the FD either one to sign.. since father and son ma..

You can call OCBC hotlines if you have any questions.
http://www.ocbc.com.my/group/group-home.html

You can consolidate your all your FD funds in a saving account that pay high interest rate,
like Maybank, Affin Bank, if your father reach 50, you can consider to have your father to open an Affin Gold
joint saving account with you.

Check out Affin Gold saving account interest rate:
http://www.affinbank.com.my/banking/condeposit/affingold.htm

Alternatively, you can open an Affin Bank conventional saving account, to see the interest rates,
read post #2305 on Page #116, posted by henleong
https://forum.lowyat.net/topic/2722457/+2300

I think I changed my mind again, I will go for 4.5% FD for 3 months, because I might need to use the money.

About PIDM.. very sorry.. I do not want to say something wrong again this time...

I am pretty sure any member here can answer this question...

You can check out PIDM website for more info:
http://www.pidm.gov.my/

Captain, please let me know if you know other 5 years FD plans, besides MBSB.
Less than 5 years FD plans also welcome...

Thanks and very much appreciate it...

This post has been edited by BoomChaCha: Sep 4 2013, 03:04 AM

Maximum RM 250K PIDM protection is available for each FD depositor from each bank.

For examples, if I have RM 20K FD in AmBank, then I have RM 20K PIDM protection.
If I have another RM 10K FD in UOB, then I have another RM 30K PIDM protection.
If I have another RM 15K FD joint name with my sister in OCBC, then my sister and I have RM 7.5 PIDM protection for each of us.
Correct..?

I do not know where is HJebat from..?

He.. he.. RM 6.00 for a fried noddle, quite expensive..

Can share what are the benefits to maintain CitiGold account..?

Banks might close your old FD account if you did not place FD there for few years.

Do you know the Melaka UOB manager (26 years old) who issued a fake FD cert to a woman few
months ago?
I am curious what was his bank position? I would be frightened if he was the branch manager there..?





This post has been edited by BoomChaCha: Sep 4 2013, 12:04 PM

Just called Hong Leong at 1800-38-8888, they said currently they have only 3.3% FD promo for 3 months only wor..

1 year FD is 3.10% board rate, no such 3.6%% for 12 months that you mentioned wor..

Thank you so much... Captain...

I just called OCBC help line about it...
They did not know much about this product, but I was told the minimum deposit amount was RM 70K,
But I forgot to ask if this NID requires a premier account to be eligible or not?
I will check with RM for more info as soon as possible..

This post has been edited by BoomChaCha: Sep 4 2013, 02:47 PM

Everybody is having the same symptom to look for better interest rates when their FDs are going to mature soon.

Old man is like this la.. keg keg (coughing).. ha jiu (flu)... excuse me..

I think perhaps the most useful benefit is their discounted housing loan interest rates for Citigold members.

These are the discounted housing loan interest rates for OCBC premier customer:

Loan RM 100K and below = BLR minus 1.8%
Loan RM 100K to RM 200K = BLR minus 2.2%
Loan RM 200K to RM 300K = BLR minus 2.3%
Loan RM 300K to RM 500K = BLR minus 2.35%
Loan RM 500K and above = BLR minus 2.4%

I guess AM Bank has changed their policy. When was the last time you place FD with them?